When to buy a house: now vs later vs never

Buying a house is often an emotional decision and as I have argued before, it makes no sense to use buy vs rent calculators. In this post, I discuss the pros and cons of buying a house as soon as possible vs later vs never. Regardless of what decision we make (or have made) it is important to list all considerations, spend some time on each item and then decide.

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Yamini Sood, VP sales of DSP Blackrock argues that buying a house is more important than investing or building wealth as it is an animal instinct in this fantastic post: Home IS where the holy grail is. read more

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How to decide where to invest, when and how much, for my financial goal?

Deciding where to invest, when and how much in each instrument for a given financial goal is known as asset allocation – it is the key to successful money management. For a given financial goal, how do I determine the asset allocation? That is, how do I decide the amount of equity exposure and therefore, fixed income or debt exposure?  Let us try and discuss this and use a calculator to see how different asset allocations will affect the future corpus intended for a financial goal. read more

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Eat only when hungry and invest only where necessary

If you start searching for the right diet to lose weight, you might be surprised at the number of opposing theories and options available: “eat no fruit”; “eat only fruit”; “eat no carbs”, “eat the right carbs”, “eat no fat”, “eat the right fat”, ” count calories”, ” don’t count calories”. Makes you wonder if there is any method to such regimes. read more

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Illustration: Financial Plan Creation for Rajeev Goswami

Many readers have asked me to explain how a financial plan is created with examples. I requested SEBI registered fee-only financial planner (meaning, no commissions and works only for you), Sukhvinder Sidhu to explain the financial plan creation process with an example. This is meant for those new to DIY investing and also those who wish to understand the role of a financial planner.

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Sukhvinder is one of the most ethical and honorable people I have had the pleasure of interacting with. He spoke at the first Delhi DIY meet in March 2015. He is also in the freefincal list of fee-only financial planners read more

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Are You a Victim of “Honest” Mis-selling?!

Financial products get mis-sold every minute of every day. Interpretations of what constitutes miss-selling depend on who you ask. They range from persuasion (bending the rules) to outright fraud (breaking them).  In this case, the victim is the buyer. There is yet another form of miss-selling where both the buyer and seller are victims. In this post, let us look at what constitutes honest miss-selling and why it probably more dangerous than normal miss-selling. read more

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